Nigeria’s inflation rate has risen from 15.4% logged in November 2021 to 15.63% in December 2021.
The National Bureau of Statistics (NBS) revealed this in the newly released consumer price index report.
BREAKING: Nigeria’s Inflation Rate Falls To 15.4%
Since April 2021, Nigeria’s inflation rate has been consistently declining, in comparison to last year’s high records.
Among the most significant increases were the prices of Gas, Liquid fuel, Wine, Actual and imputed rentals for housing, Narcotics, Tobacco, Spirit, Cleaning, repair and hire of clothing, Garments, footwear, Clothing materials, and accessories.
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